richmond500:
Will your state survive if every states collects VAT because there will be different VAT for different states assuming each States collects its own VAT

States like IMO, Kebbi, Zamfara, Osun will need to have 1000% increase to keep up, while the most viable state like Bayelsa will have at least 200% increase to keep up, it is not rocket science to know that at least 30 states will go bankrupt.

States like Lagos, Rivers and Oyo will have people coming into the states daily in numbers due to massive inflation in their respective states which will lead to overpopulation in Rivers and Lagos(already overpopulated), only 3 States will keep progressing geometrically while the rest states will have a massive decline in commerce and trade.

Me, I no go like Almajiri and Ipob in Rivers state o, we never deal with cultism problem finish

Brimstone77:
this is my main reason of viewing this thread and I'm not disappointed...


A day without zombies mentioning ipob or Igbo is like a day wasted....

psucc:
It may surprise you that some of these states will wake up to their responsibilities. Within one to two fiscal year, there'll be a tremendous increase (positive) in VAT generation.

richmond500:
my home state, Rivers state was mentioned 3 times.
Cultism in Rivers was mentioned one time.
Two northern states were mentioned.
3 southwest states was mentioned
Two SS states was mentioned in my writeup

but ur problem is the one SE state (Imo) that I mentioned?

Brimstone77:
you can mention those states hundred times I don't care...


You should just stop involving ndi Igbo in your rubbish,we are not Nigerians please..

Lawlab249:
Yeah

CertyAgroAllied:
On God

richmond500:

richmond500:
do u use Naira? Does any of ur credentials have Biafra nationality?
What makes u think u aren't Nigerian?

Anyways I don't want to turn the thread into something else.
When I created the thread, I didn't even think of tribal sentiments, how u were able to drag igbo into this thread is overwhelmingly astonishing.

Brimstone77:
this is my main reason of viewing this thread and I'm not disappointed...


A day without zombies mentioning ipob or Igbo is like a day wasted....

Brimstone77:
hello!!


Are you talking to me??

extol1:
kogi, capital NO

theTranscriber:

you are not even ashamed

imo generates 2 billion and collects 25 billion

that's a disgrace
even small Osun does better

CertyAgroAllied:
My State of mind would though

udemzyudex:
The reason why lagos generate more is because everything is tax, even if you hawk gala in the market, you will be tax.

A woman selling pepper soup in her truck inside the market pays more than #600 tax to 3 different people.

So If this happens, states will tax the citizens more to generate more income,any organisation boycotting tax payment won't be overlooked.

richmond500:
Will your state survive if every states collects VAT because there will be different VAT for different states assuming each States collects its own VAT

States like IMO, Kebbi, Zamfara, Osun will need to have 1000% increase to break-even, meaning despite this, they won't still make profile from tax, while the most viable state like Bayelsa will have at least 200% increase to break-even, it is not rocket science to know that at least 30 states will go bankrupt.

States like Lagos, Rivers and Oyo will have people coming into the states daily in numbers due to massive inflation in their respective states which will lead to overpopulation in Rivers and Lagos(already overpopulated), only 3 States will keep progressing geometrically while the rest states will have a massive decline in commerce and trade.

Me, I no go like Almajiri and Ipob in Rivers state o, we never deal with cultism problem finish

richmond500:
that can never happen, the states will take at least a decade to get back on their feet cos people will run away from the states when inflation bites

Brimstone77:
at the bolded...


I no you will surely ask this,it have become a national anthem to you one nigerianists..

You use dollars does that make you an American citizen??

For documents with Nigerian nationality well I have burnt them all because it's of no use...

Including my passport...so chill.

udemzyudex:
The reason why lagos generate more is because everything is tax, even if you hawk gala in the market, you will be tax.

A woman selling pepper soup in her truck inside the market pays more than #600 tax to 3 different people.

So If this happens, states will tax the citizens more to generate more income,any organisation boycotting tax payment won't be overlooked.

richmond500:
some states are economically more viable than others, and therefore could generate massive tax easily even if VAT price is very low. Others states doesn't have this advantage and to keep up with their spending, taxation will be disproportionately increased, this will also affect inter-state commerce with different tax values, some states will definitely go bankrupt, despite the states not economically viable, the tax will be massive.

I stand to be corrected

DubaiLandLord2:
Yes you're right.

Only states like Borno state dealing with insecurity issue go really struggle.

The rest will adjust.

kmcutez:


What of the income shared from oil money Nigeria earns from sale of crude oil, taxes from companies, stamp duty income etc etc?

richmond500:
before that adjustment, people will run away from the state due to massive inflation, whether they are ready to come back or not is a different story.

Now its not about adjustment, its about competing with states like Lagos and Rivers in VAT because u can't just wake up and sign VAT bill but a VAT that can favour inter state commerce